Thune confirmed the vote moves to September after Democrats blocked it. A tax break tied to Trump's crypto holdings adds complexity.
Alpha Score of 49 reflects weak overall profile with moderate momentum, poor value, moderate quality, moderate sentiment.
The US Senate will not vote on the CLARITY Act before leaving for its August recess. Majority Leader John Thune confirmed the vote is being pushed to September after Democrats refused to support the measure.
Thune said Democrats are "insistent on no Clarity vote." He added that Senator Lummis had worked closely with him and that the bill would be a top priority when the chamber returns.
The delay leaves one of the crypto industry's key legislative goals unresolved. Republicans need 60 votes to overcome a filibuster. They currently lack enough Democratic support. The CLARITY Act's odds sank to 27% after the delay, according to AlphaScala data.
Ji Hun Kim, CEO of the Crypto Council for Innovation, called the postponement disappointing. "Every day without a legal framework pushes users and builders offshore," he said.
Bloomberg reported Thursday that a bipartisan ethics proposal could give President Trump a large tax benefit. The plan is tied to the CLARITY Act's path through Congress. It would require Trump to divest from crypto-related businesses. In exchange, he could defer capital gains taxes on those sales, according to people familiar with the matter.
That tax deferral could save Trump millions of dollars. The ethics addendum itself has not been made public.
Democratic concerns about Trump's crypto conflicts have slowed the bill for months. The tax break could give Democrats another reason to question whether the plan truly limits the president's financial ties to the industry. The White House did not respond to a request for comment.
Trump's annual financial disclosure, released in June, showed he earned $1.4 billion from crypto ventures last year. The 927-page filing broke down where that money came from. Memecoins brought in the largest share: about $635 million from royalties tied to a licensing deal for the Official Trump memecoin.
World Liberty Financial, the Trump family's decentralized finance platform, was the second-largest source. It generated about $588 million from token sales. The disclosure also listed $197 million from the sale of an equity stake in a stablecoin venture. Separately, an entity linked to Trump and his family owns about 38% of World Liberty's parent company, according to the platform's website.
The CLARITY Act would set up a federal framework for digital asset markets. It aims to clarify how oversight is split between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
Politico reported that the bill still lacks Democratic support, and talks were ongoing as of Thursday. Thune may still file a procedural motion called cloture before the recess. Filing cloture would not count as a vote on the bill. It could set up a vote for when the Senate returns in mid-September.
The CLARITY Act delay risks the US losing its crypto lead, Florida Senator Haridopolos warned. Republicans would need unanimous consent from all 100 senators to finish other pending business and avoid extending this week's session. As of Thursday, Democrats had not agreed to speed up that process.
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